Should I get a pension?

Lots of rhetorical questions today. Bernie Goldbach pointed to a Frank Fitzgibbon article in the Sunday Times entitled "The Pensions no-brainer". Hmm.... so I've no brain then. The first two (financial) things I did when setting up in business for myself were to cash in my pension and sell my car. A few years on and I still have neither, though I do have the use of a family car. Call me stupid but not having a pension is part of the plan - it puts extra pressure on me to build a successful business and I think that's a good thing. If necessity is the mother of invention then pressure is the mother of motivation.

Comments

[Brian O'Neill]

I tried to cash in my pension but they would not let me :-( God damn UK pension laws.

I think for general employees they are essential but for self employeed people we can have our own arrangments. Mind you they can be good from a tax point of view.

[Alan O'Rourke]

Glad to know i am not the only one.